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The music industry[1] or the music business or the music market[2] of Russia is a part of theRussian economy and social life, uniting companies and citizens who earn money through the creation and sale ofmusical works. The music industry is an integral part of a broadersector of the economy - theentertainment industry in Russia, which also includes the film industry, fashion, the computer games industry, television, radio, bookselling, gambling, etc.
The music business involves a large number of people and organizations: musicians who create and perform musical works; companies and professionals engaged in the recording and sale of music (including producers, recording studios, sound engineers, labels, music stores and collective rights management organizations); tour organizers (booking managers, promoters, concert venues); television and radio networks operating in a musical format (music television, music radio stations); music journalists and critics; musical instrument manufacturers and many others.
According to theInterMedia information agency, the Russian music market, including pirated content, is estimated at $3.5 billion and is among the ten largest markets in the world in terms of the number of legally sold copies of musical products.[3] About 2.7 thousand artists and bands work in the Russian Federation, whose audience worldwide is 300 millionRussian speakers.[4] In Russia itself, there are 28 million active consumers of music products.[5] The main center for creating popular Russian-language music isMoscow, and to a lesser extent,Saint Petersburg. Sales markets are also post-Soviet countries, includingUkraine andBelarus.Kyiv is a significant center for the production and consumption of Russian-language music.[6]
